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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Patrick Slevin who wrote (283)10/28/2000 3:32:04 PM
From: nihil  Read Replies (1) of 74559
 
Among historians of economic thought (such as Schumpeter), David Hume is credited with discovering the balance of payments mechanism. He was a religious skeptic, at most a Deist, put probably an atheist but a Tory and a supporter of the established church. He was a powerful advocate of clear thinking and human liberty. A decent man. A friend of Adam Smith and supporter of Rousseau during his visit to England.
His most famous quotation was publicized in A.J. Ayer's Language, Truth, and Logic and ran something like this:
"If you take in your hand any book of theology or school metaphysics, for instance, ask yourself "Does it contain anything of number or quantitative reason; does it contain anything of matter of fact or existence?" If not, commit it then to the flames, for it can contain nothing but sophistry or illusion."
Right on, Dave!
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